INCHEON, South Korea, Jan. 26, 2021 /PRNewswire/ -- Samsung Biologics (KRX: 207940.KS) announced another successful Investigational New Drug (IND) clearance from the FDA for its client to begin clinical trials on a cancer immunotherapy, furthering the company's track record as a premiere CDO service provider in the global market.
In late 2018, National OncoVenture (NOV), a government-funded virtual oncology drug development program in South Korea, approached Samsung Biologics for the development of EU101(NOV1801), an anti-4-1BB therapeutic monoclonal antibody provided by Eutilex (KOSDAQ:263050). Studied by NOV and Eutilex with humanized mice, EU101(NOV1801), effectively eradicated human tumors and showed synergistic anti-tumor activity with immune checkpoint blockade.
"We are extremely glad to be notified of EU101(NOV1801)'s IND approval from the FDA," said John Rim, CEO of Samsung Biologics. "This is our third IND approval demonstrating our unparalleled quality and speed, and as our CDO business continues to expand geographically in the next decade, we look forward to assisting many more clients in bringing their products to market faster and better as the most qualified CDMO partner."
Young-Whan Park, president of NOV, said, "In order to conduct the domestic and global clinical trials of EU101(NOV1801) in parallel, we plan to file another IND with the Ministry of Food and Drug Safety in South Korea within the first half of this year, working together with Samsung Biologics." Dr. Soo Young Choi, COO of Eutilex, added, "In the US, we will be able to determine the Maximum Tolerated Dose (MTD) and Recommended Phase II Dose (RP2D) through Phase I of clinical trials within the first half of the year."
Samsung Biologics' CDO business has shown rapid growth and success since its business expansion, signing over 60 CDO contracts within two years to obtain three IND approvals by the FDA as well as one Clinical Trial Application (CTA) approval by the EMA. Leveraging Samsung Biologics' extensive expertise for the submission process, the successful IND was achieved with no further significant comments from the regulatory agency.
About Samsung Biologics Co., Ltd.
Samsung Biologics (KRX: 207940.KS) is a fully integrated CDMO offering state-of-the-art contract development, manufacturing, and laboratory testing services. With proven regulatory approvals, the largest capacity, and the fastest throughput, Samsung Biologics is an award-winning partner of choice and is uniquely able to support the development and manufacturing of biologics products at every stage of the process while meeting the evolving needs of biopharmaceutical companies worldwide. For more information, visit www.samsungbiologics.com.
About Eutilex, Ltd.
Eutilex (KOSDAQ:263050) is a biotechnology company focused on the research and development of three in-house immunotherapeutic platforms, including innovative T cell receptor (TCR) T cell therapy, chimeric antigen receptor (CAR) T cell therapy and immunomodulatory antibody therapeutics, to help lead the fight against incurable diseases such as cancers. The mission of Eutilex is a dedication to develop and deliver innovative immune-oncology therapeutics to patients in desperate need.
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SOURCE Samsung Biologics